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Seniors are taking the brunt of financial fraud to the tune of $3.4B+. Learn the most common peer-to-peer, impersonation and other scams on the rise to keep your money safe.
The Spanish Prisoner scam—and its modern variant, the advance-fee scam or "Nigerian letter scam"—involves enlisting the mark to aid in retrieving some stolen money from its hiding place. The victim sometimes believes they can cheat the con artists out of their money, but anyone trying this has already fallen for the essential con by ...
Use a number you trust, like the one on your statement or in your app. Never use the number the caller gave you; it’ll take you to the scammer. Never access your online accounts on a public Wi ...
One of the services that Social Catfish provides is a reverse image search engine. [16] The data delivered after conducting a search is aggregated based on public data and profiles from various platforms including social media profiles. Their website is controlled and operated from their offices and facilities within the United States. [4]
Myth #8: Reverse mortgages are a scam. Also called a Home Equity Conversion Mortgage (HECM), the reverse mortgage is designed to allow homeowners ages 62 or older to supplement their retirement ...
Additionally, some do consider equity stripping, in essence, a form of predatory lending since the scam works essentially like a high-cost and risky refinancing. Equity stripping, however, is conducted almost always by local agents and investors, while traditional predatory lending is carried out by large banks or national companies.
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